Four concepts stand out in the current landscape of modern industrial production. The product life cycle, sustainability, Industry 4.0 and semantic interoperability. The article will be focused on creating a link between the four and expresses the strong causal relationship between them in order to optimise production processes. To that point, a 3D model will be developed to bridge sustainability and product life cycle inside an organization. Then, knowledge formalisation techniques will be discussed for constructing a mutual understanding of the semantics in the context on Industry 4.0 throughout the developed model.